What Does the 100% Deduction Rule Mean to You in 2020?
For many generous givers, the charitable tax provisions introduced by the Cares Act for the 2020 tax year are a game changer. In this year only, givers are able to deduct 100% of their Adjusted Gross Income (AGI). At face value this may seem less than news worthy, since this will likely apply to a very small group of givers. However, the creative application of this rule creates charitable opportunities for many NCF givers in 2020. For more information on the particulars of the Cares Act charitable provisions, download the PDF below. The CARES Act - NCF California